Could the Irish Miracle be Repeated in Hungary?

Ács, Zoltán J.; O’Gorman, Colm; Szerb, László; Terjesen, Siri

doi:10.1007/s11187-006-9027-9

Cited by 85 publications

(77 citation statements)

References 20 publications

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“…This focus on entrepreneurship spillovers matches recent research that argues entrepreneurial activity (i.e., new business creation) results from the exploitation of knowledge that incumbent firms have not fully appropriated or commercialized (Acs et al 2006(Acs et al , 2007 (Powell and DiMaggio 1991). Third, spillover effects from foreign MNEs may take place when new ventures acquire relevant human capital.…”

Section: New Ventures' Export Orientation and Entrepreneurship Spillosupporting

confidence: 60%

Knowledge spillovers and new ventures’ export orientation

2008

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We draw on the knowledge spillover literature to suggest that a country's proportion of export-oriented new ventures represents an outcome of knowledge spillovers that stem from foreign direct investment (FDI) and international trade (export spillovers) as well as a source of knowledge spillovers (entrepreneurship spillovers). To test the hypotheses, we use macrolevel data from 34 countries during the period 2002-2005. We find that the relationship between FDI and international trade on the one hand and a country's proportion of exportoriented new ventures on the other differs for higher-and lower-income countries. In addition, a country's proportion of export-oriented new ventures affects the subsequent emergence of new businesses.

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Section: New Ventures' Export Orientation and Entrepreneurship Spillosupporting

confidence: 60%

Knowledge spillovers and new ventures’ export orientation

2008

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“…More generally, Acs et al (2007) suggest that entrepreneurs in Ireland are held in high esteem, and that this has been beneficial for the economy. This is questionable, however, and Culliton (1992) highlighted "…the negative attitude towards enterprise that is prevalent in this country" (p. 22), with a "…a deeprooted prejudice against failure in business.…”

Section: Fostering Domestic Enterprisementioning

confidence: 99%

Lessons for African Economies from Irish and East Asian Industrial Policy

2009

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When comparisons in terms of industrial policy lessons to be learned have taken place, it has tended to be solely vis-a-vis the "development state" East Asian experience. This paper broadens the analysis and considers lessons which African countries can learn from other so-called "tiger" economies including Ireland and the East and South Asian countries. We recognise that the latter are indeed clearly significant as many African countries at the time of independence had economic structures and levels of income quite similar to East Asian countries, yet have grown at vastly different rates since then. Exploring why this has been the case can thus offer important insights into possibilities for industrial policy. Yet this comes with some health warnings over East Asian experience. We suggest that another important contribution can come by looking at the Irish example, given its emphasis on corporatism rather than simply relying on state direction in the operation of industrial policy. The Irish model is also more democratic in some senses and has protected workers" rights during the development process in contrast to the often highly dirigisite East Asian model. Overall we suggest that some immediate actions are needed, notably with regard to the financial system in small African economies. Without such changes, a poorly functioning financial system will continue to keep investment at low levels. In relation to the small size of the African economies, the paper recommends regional integration and sufficient overseas development assistance (ODA) for infrastructural development. It is also critical to note that the various small African economies each face their own industrial and economic development challenges, and that a "one size fits all" approach is not appropriate; rather the key is to tailor policies and systems to the unique opportunities and development challenges in each African country.

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“…An emerging body of research suggests a link between foreign direct investment (FDI) and indigenous entrepreneurial activity (Acs et al, 2007). FDI affects indigenous entrepreneurship indirectly via spillover effects (Acs and Varga, 2005).…”

Section: Hypothesis 2: Countries With Higher Real Gdp Growth Rates Armentioning

confidence: 99%

Seeding New Ventures - Green Thumbs and Fertile Fields: Individual and Environmental Drivers of Informal Investment

2007

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Could the Irish Miracle be Repeated in Hungary?

Cited by 85 publications

References 20 publications

Knowledge spillovers and new ventures’ export orientation

Knowledge spillovers and new ventures’ export orientation

Lessons for African Economies from Irish and East Asian Industrial Policy

Seeding New Ventures - Green Thumbs and Fertile Fields: Individual and Environmental Drivers of Informal Investment

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